SK Telecom announced on Jan. 1 that it has succeeded in live TV broadcasting using its 5G commercial network and streaming solutions for the first time in the world.The mobile carrier broadcast the New Year's countdown and bell-striking at Bosingak, Jongno-gu, Seoul on the entertainment channel
SK Hynix has installed deep ultraviolet (DUV) photolithography equipment at its memory semiconductor plant in Wuxi, China, a move in line with its aggressive investment in semiconductor facilities despite a forecast that the ongoing semiconductor industry cycle would shift into a downturn in 2019.
While Samsung Electronics and Huawei are planning to launch foldable phones in the first half of next year, terminal makers are pouring out patents on next-generation smartphones, such as foldable and rollable phones.According to industry and foreign sources on Dec. 30, LG Electronics has recently a
As the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), a new 11-country Asia-Pacific trade agreement, took effect on Dec. 30, there is a growing public outcry that South Korea also needs to take part in the new agreement as soon as possible and accelerate signing free trade agreemen
The South Korean government will restrict the export of organic light-emitting diode (OLED) production equipment. It is planning to designate OLED equipment as “national core technology” and make government approval compulsory for exportation. This is a follow-up measure to prevent any recurrence of
The History of Whoo, a premium cosmetics brand of South Korea’s LG Household & Health Care Ltd., which had annual sales of 203.7 billion won (US$181.55 million won) in 2013, achieved the 1 trillion won sales milestone in 2016 and then it has become the first South Korean cosmetics brand that exceede
Since virtual keyboards on tablets are designed to be used on display screen, it can be easy to make typing errors, which can be particularly frustrating when working on a document. Smaller touchpads or joysticks are also not as convenient as a mouse. For this reason, many tablet users used to carry
Chinese display maker BOE laid out a plan to build a 6th-generation flexible organic light emitting diode (AMOLED) display production line by investing more than 7 trillion won (US$6.3 billion). The announcement signaled the start of China’s full-scale promotion of the display industry at the nation
LG Display's P10 plant construction has been postponed with no definite plan. The company originally planned to complete the new plant in Paju by the end of this year. However, the plan fell through as it decided to manufacture organic light emitting diode (OLED) panels instead of liquid crystal
South Korean automakers are revolting against the government’s proposal to revise the enforcement decree for the Minimum Wage Act, arguing that it would increase labor costs by 700 billion won (US$630 million) a year and adversely affect their business. The Korea Automobile Manufacturers Association
SK Hynix has come up with a system to let excellent engineers continue to work even after the legal retirement age of 60. The chipmaker announced on Dec. 27 that it would introduce a new system that will enable engineers with high technical skills to work regardless of their retirement ages. As a re
Dong-A Socio Holdings chairman Kang Jeong-seok, who was put on trial for providing illegal rebates to doctors, was sentenced to prison in the second trial.The Busan High Court sentenced Kang to two and a half years in prison and 13 billion won in fines on charges of embezzling large amounts of compa
VisualCamp, a member company of the K-ICT Born2Global Centre, concluded an MOU with Grassroots Angel Investment from Shenzhen, China, for the development of eye-tracking technology applicable to mobile devices, VR, and signs.VisualCamp, a Korean startup specializing in VR/AR eye-tracking technology,
South Korean President Moon Jae-in has made a lot of efforts for North Korean leader Kim Jong-un’s visit to Seoul. On the plane flying back to Seoul after his recent brief encounter with U.S. President Donald Trump during the G20 summit in Argentina, the South Korean President told reporters that th
None of Korea's 2,688 stock-type funds with assets more than 1 billion won (US$900,000) yielded a profit this year, according to FnGuide Inc., a financial information service provider.The average earnings rate of the entire Korean stock-type funds hit minus 19.33 percent, worse than the 16.72% d
Paraxylene (PX) is buttressing South Korean chemical companies facing difficulties amid the ongoing global economic recession and oil price fluctuations. Their PX exports are estimated to total an all-time high of US$7.8 billion this year.According to the Korea Petrochemical Industry Association, Ko
The Korean government’s proposal to revise its enforcement decree for the Minimum Wage Act has set off a firestorm in the Korean business world.Korean industrialists are expressing strong disapproval of the proposal as it includes weekly holidays in working days in calculating the minimum wage. This
The Korea Development Bank (KDB) has decided to mobilize former officials of now-defunct Hanjin Shipping to support Hyundai Merchant Marine (HMM), which is still in trouble despite massive financial support from the Korean government."We have come up with the idea of using a shock therapy as the shi
While the Woongjin Group has decided to acquire Coway Co. for 1.68 trillion won (US$1.51 billion), industry analysts are questioning its financing ability.Last month, the group signed a stock purchase agreement with MBK Partners to acquire 22.17% of Coway shares for 1.68 trillion won (US$1.51 billio
With the year of 2018 coming to an end, Korean shipbuilders are continuing to win orders for LNG tankers from overseas shipping companies.Greek shipping company Cardiff Gas has recently ordered two LNG carriers to Hyundai Heavy Industries Group and one to Samsung Heavy Industries. The orders for LNG